Transcat (TRNS) : Emancipation Management reduced its stake in Transcat by 4.12% during the most recent quarter end. The investment management company now holds a total of 1,233,124 shares of Transcat which is valued at $12.9 Million after selling 52,975 shares in Transcat , the firm said in a disclosure report filed with the SEC on May 12, 2016.Transcat makes up approximately 16.43% of Emancipation Management’s portfolio.
Other Hedge Funds, Including , Blackrock Fund Advisors reduced its stake in TRNS by selling 1,772 shares or 7.31% in the most recent quarter. The Hedge Fund company now holds 22,469 shares of TRNS which is valued at $235,925. Opus Capital Group sold out all of its stake in TRNS during the most recent quarter. The investment firm sold 375,954 shares of TRNS which is valued $4 Million.
Transcat closed down -0.35 points or -3.56% at $9.49 with 27,240 shares getting traded on Friday. Post opening the session at $9.75, the shares hit an intraday low of $9.49 and an intraday high of $9.75 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
Transcat Inc. provides accredited calibration and compliance services and distributes handheld test measurement and control instrumentation. The Company is focused on providing its services to the life science industries which include pharmaceutical biotechnology medical device manufacturing and other Food and Drug Administration-regulated businesses. It also focuses on other industries and customers which include industrial manufacturing; energy and utility; chemical manufacturing and other industries which require accuracy in their processes and confirmation of the capabilities of their equipment. It operates in two segments: service (Service) and distribution (Distribution). Through the Service segment the Company offers calibration compliance and other complementary services. Through its Distribution segment the Company markets sells and rents national brand instruments to customers globally. Its Distribution segment distributes handheld test and measurement equipment.